State Street Corp Has $55.48 Million Position in American Woodmark Co. (NASDAQ:AMWD)

State Street Corp lessened its stake in American Woodmark Co. (NASDAQ:AMWD) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,731 shares of the company’s stock after selling 5,420 shares during the period. State Street Corp owned 3.83% of American Woodmark worth $55,484,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CWM LLC raised its position in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Innealta Capital LLC bought a new stake in American Woodmark during the 2nd quarter worth about $66,000. Picton Mahoney Asset Management acquired a new position in American Woodmark during the 2nd quarter valued at about $71,000. Millburn Ridgefield Corp bought a new position in shares of American Woodmark in the 3rd quarter valued at about $80,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of American Woodmark by 56.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock worth $114,000 after buying an additional 527 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the transaction, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 10,500 shares of company stock valued at $958,090 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMWD. Robert W. Baird increased their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Loop Capital cut their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.00.

American Woodmark Stock Down 3.6 %

Shares of NASDAQ AMWD opened at $81.06 on Thursday. American Woodmark Co. has a 52-week low of $76.57 and a 52-week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The stock has a market cap of $1.22 billion, a P/E ratio of 12.12 and a beta of 1.59. The firm has a 50 day moving average price of $93.07 and a 200 day moving average price of $89.88.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same period in the prior year, the business earned $2.36 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year.

American Woodmark Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.